Bank of NY – Financials Find Strength – Bullish DailyPlay – March 15th, 2019

The bullish DailyPlay we chose for Friday, March 15th is Bank of NY (BK). BK is part of the Financial Sector (XLF). XLF has rallied 1.72% higher over the past month and its 1m and 6m trend turned bullish on March 13th while breaking above its $26 resistance level.

Bank of NY’s 1m and 6m trends turned bullish yesterday and recently broke above its $52 resistance level. With a technical score of 7 (out of 10), BK is a bullish stock that will likely continue higher. As a stop loss, if BK was to trade below $52 for multiple days, this would invalidate our analysis and suggest getting out of the trade.